StakeHound is a tokenized staking platform that utilizes Proof of Stake (PoS) tokens within the decentralized finance (DeFi) ecosystem. StakeHound aims to combine staking with DeFi.
The collaboration between StakeHound and NEM for stakedXYM (stXYM) involves staking XYM at a 1:1 ratio on StakeHound. Staking rewards are directly distributed to the holders wallet. Holders can also gain access to the DeFi ecosystem through stXYM.
